Businesses with a CASH-ONLY policy ( pros / cons )?

O

Odd Little Animal

New member
You don't have to worry about credit card charges being disputed.
Don't have to worry about accepting a stolen credit card.
Don't have to worry about your employees stealing credit card information.

You don't have to worry about accepting stolen checks
Don't have to worry about the check bouncing
Don't have to worry about the checking account being closed entirely

Will never have to pay a collection agency to retrieve lost funds due to problems with credit cards or checks.

Cons:
A few lost customers, but if they really want what you provide, they'll pay cash
Need to either go to the bank daily or need a very secure safe. Theft could still be a problem.
 
Hello all, just finishing up a little research here on the advantages of different payment methods businesses use. I'm looking for a little extra info for the pros and cons faced by businesses who ONLY accept paper cash (dollars, change, etc). Obviously those businesses avoid high credit card fees at the loss of several customers without cash on hand. WHAT I'M looking for is any additional supporting information in either direction you might be able to think of (pros/cons)

Thanks a ton
 
You don't have to worry about credit card charges being disputed.
Don't have to worry about accepting a stolen credit card.
Don't have to worry about your employees stealing credit card information.

You don't have to worry about accepting stolen checks
Don't have to worry about the check bouncing
Don't have to worry about the checking account being closed entirely

Will never have to pay a collection agency to retrieve lost funds due to problems with credit cards or checks.

Cons:
A few lost customers, but if they really want what you provide, they'll pay cash
Need to either go to the bank daily or need a very secure safe. Theft could still be a problem.
 
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